FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest.

Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter on Dec. 29 to report on a series of obfuscated wallet transactions allegedly linked to SBF, suggesting that the former FTX CEO could have violated release conditions to not spend more than $1,000 without permission from the court.

https://cointelegraph.com/news/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail